All Forum Posts by: John Carbone

Yes. The cleaners are in a full blown panic. It’s very frustrating. Yet, the county keeps approving more and more cabins to be built. I was just talking to her about how one site we’ve been using during a remodel seems to hardly be used. It’s been great.
Then I remembered there’s 12 1 bedroom cabins almost done being built and a 64 4 bedroom cabin resort expected to be finished within the year within less than a mile of this site. So it will no longer be a slow dump site. Why approve alllll this building and make zero effort to accommodate what comes with it?

I agree, the property tax increase should be used for a solution to this. The way they’re going about it is so backwards and just plain dumb. 

For those of you operating in Sevier County, a few days ago, the Sevier County Board of Commissioners passed a new updated solid waste plan.  

First of all the problem as I understand it - some convenience centers are filling up too fast and are closing early presumably due to short term rental trash increase.  This leaves residences of the county having to travel to a different convenient center to drop off their trash.

The new plan is creating a "central" facility where all cleaners must go to take the STR trash. All of the convenience centers will now be enforced as residential only. In addition, a new fee will be charged to the cleaners depending on the size of the load.

This is coming in to play shortly after Sevier County made a ruling that overnight rentals will now be changed to commercial properties thereby levying a 60% tax increase on many short term rentals.  It seems like a simple solution to me.  Use some of that 60% tax increase they received and pay for more frequent truck runs to pick up full dumpsters at convenience centers that are filling up too fast.  Done!

Instead of allowing cleaners to drop off trash at the closest convenient center and then getting back to work quickly, many will have to drive across town and then converge at one location with all other cleaners creating increased traffic problems in an already congested area.  The traffic backup alone may force cleaners to have to drop the number of cabins they support.  Most STRs in this market are turns and the cleaners already have a short window to get cabins turned over for the next guest.   They don't really have the option of just collecting trash and keeping it on their trailers for several days and cutting down on runs due to the bears in the area.

This plan seemed to not take into consideration the overnight rental market and it seems they did not consult with anyone in the overnight rental industry before creating this plan.  There is a petition asking the mayor and the board of commissioners to reconsider this plan and to create a group consisting of all stakeholders to provide consultation to come up with a solution that works best for everyone.  I don't know if I can post a link or not to the petition, but if a moderator allows it I will.

Quote from @Carolyn Fuller:

How many of the places are unregulated and over saturated? My revenue is not off but my units are in a regulated market.

 It's crazy to think that the more regulation for the STRs is a better way to go since the numbers consistently stay higher in those markets and the professional hosts keep their properties well within a standard to keep the community safe/pleasant. 

My thought a couple years ago was less regulation the better, but in my markets that is not the case. 

Quote from @Cory King:

Quote from @Carlos Ptriawan:

Quote from @Brian Barch:

 Like what I explained, the statistical method being used is not that accurate because they're averaging from all the hosts, since number of hosts doubled in two years hence it seems the average rev is going down.

Airdna in other hand, could be only doing statistical analysis from the best 10% performing hosts. 

For me the most accurate method is comparing 30 days future booking between cities. My own Airbnb is still generates 200% booking for 30 days LOL

Also, it cracks me up when people emphatically state - "oh that's not accurate, it was debunked".....debunked by who? How do we know who is making these calls and where they get their info....do they have any skin in the game? Do they look better/do better if one or the other is true...? Same is true for the other guys who make claims that the market is down (or up).

I just think it's interesting to stir up some dust and debate a topic.

Air DNA data directly contradicts this screenshot. 
Where did this data come from?

PHX did over $21M in May 23

Austin did over $40.3M in May 23

Both markets are up year over year. 

Quote from @Carolyn Fuller:

It wouldn't take long, a year or two of poor cash flow and investors are done. You're kind of a big Govt person though, so I can see why you'd want that control....overall the market is best though, always is the most natural way to settle things out. Like letting 'nature take it's course'...